Mike Graham Real Estate

Sold: 102 Constitution Drive, West Monroe, Louisiana

Sale Date: March 29, 2019

Price: $2,200,000

Seller: RRI III LLC

Buyer: KAPP Hospitality LLC

Land Size: 1.92 acres (Conveyance Record)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: Disclaimer: The above information is for reference only and should not be relied upon without proper verification.

Sold: 6200 Frontage Road, Monroe, Louisiana

Sale Date: March 18, 2019

Price: $1,400,000

Seller: 6200 Frontage Road, LLC

Buyer: G.A.D. Holdings, LLC

Land Size: 2.00 acres (Conveyance Record)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification

Sold: 2309 Oliver Road, Monroe, Louisiana

Sale Date: March 12, 2019

Price: $875,000

Seller: John Clyde Morris III

Buyer: CA3 Properties, LLC

Land Size: 1.39 acres (OP Assessor)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification

Note: A previous blog post indicated a transfer of both the motel and the neighboring restaurant. This transfer includes the motel only.

Sold: 1101 Glenwood Drive in West Monroe, LA

Sale Date: March 4, 2019

Price: $2,250,000

Seller: Sanchez-4, LLC

Buyer: Sai Krupa Lodging, LLC

Land Size: 2.109 acres

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification.

Sold: 6300 Frontage Road in Monroe, Louisiana

Sale Date: February 22, 2019

Price: $10,500,000

Seller: Hixson Automotive Group, L.L.C.

Buyer: Flick Properties, L.L.C.

Land Size: 24.87 acres (Conveyance Record)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification.

Sold: 1310 N. 19th Street in Monroe, Louisiana

Sale Date: February 13, 2019

Price: $730,000

Seller: John C. Cooksey et al

Buyer: Tupelo Development, L.L.C.

Land Size: 0.765 acres (OP Assessor)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification.

Sold:  1502 Farmerville Highway, Ruston, LA (Sherwin Williams Paint Store)

Ruston Enterprises, LLC to Direct Business Center, LLC

Date:  12/7/2018

Price:  $1,000,000

Note:  For reference only:  This information should not be relied upon without further verification. 

Sold:  12/10/2018 (Convenience store / restaurant)

Ruston Petro Partners, LLC to Vikram Vijay, LLC

Price:  $2,519,500

Southwest corner of Highway 33 and Kentucky Avenue.  

Source:  Lincoln Parish COC, Assessor Website

Sold:  1600 Sterlington Road, Monroe, LA (Dairy Queen Restaurant)

Date:  12/7/2018 

Price:  $1,774,000

Seller:  Frauenshuh Hospitality Group of AL LLC

Buyer:  USVP Commercial NNN LLC

Note:  This is thought to be a NNN lease transfer from the operator to an investment LLC.   Frauenshuh Hospitality Group, dba Fourteen Foods, is an owner / operator of over 200 DQ restaurants.   All information is for reference only and should not be relied upon without further verification.  

Update:  Per Loopnet –  DQ Grill & Chill has a brand new 20-year Absolute NNN lease with 8% rental escalations every 5 years with three 5-year renewal options. The tenant, Frauenshuh Hospitality Group KY/IN, LLC (a subsidiary of Fourteen Foods – largest Dairy Queen Franchisee in the U.S. with 216 locations in 13 states) has 110 DQ locations backing the performance of the lease. The unit level performance of this asset is well above the DQ national average with an attractive 7.25% rent-to-sales ratio, helping to ensure long term profitability at this location.  

Size:  3,283 SF (2015 construction)

Sold:  Chauvin Grocery at 2538 River Landing in Monroe, Louisiana

Sale Date: November 16, 2018

Price:  $925,000

Seller:  Chauvin Grocery & Gourmet Deli Inc.

Buyer:  Chauvin Bayou Market, LLC

Land Size: 0.60 acres (OP Assessor)

Building Size: 2,692 SF (OP Assessor)

Sources: Ouachita Parish Assessor’s website, Legal Recorder, Conveyance Record

Disclaimer: The above information is for reference only and should not be relied upon without proper verification.